You will enjoy all the comforts of financial world …...Good Morning & Welcome to Friday’s trading action at Dalal Street, dated 22nd June 2018. Early action at SGX Nifty is indicating

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Welcome Note

Friday22nd June, 2018

Stock Of The Day: (F & O)

Forecast and Analysis

CONTENTS



Title Page No.

'30,000 feet view’: The big picture of Dalal Street 04-07

Stock Of The Day: (F & O) 08-09

Equity Derivatives 10

Daily Pivot Table (Equities) 11

Forecast and Analysis 12-14

Daily Pivot Table (Commodities) 15

Disclaimer 16

'30,000 feet view’:

The big picture of Dalal Street

'30,000 feet view’:

The big picture of Dalal Street



'30,000 feet view’: newsletter provides insights and themes for Indian equity markets. We also try and cover international themes for the day. This newsletter is quite popular with traders as it covers the most preferred trading strategy for Sensex/Nifty for the day.

In Chart of the day section, we recommend a stock which is likely to move significantly in the short term, clearly defining the supports, the resistances and bias for the stock.

In a nutshell, '30,000 feet view’: covers themes and insights for the day.

‘30,000 feet view’: The big picture of Dalal Street

www.comfortsecurities.co.inEnjoy Your Comfort Zone.


Nifty Outlook

Intraday

Medium Term

Long Term

Key Levels to Watch

Nifty Support

Nifty Resistance

Pivot Level

Nifty

Outlook for the Day

INDICES

Nifty

Bank Nifty

Nifty Auto Index

Nifty FMCG Index

Nifty Infra Index

Nifty IT Index

Nifty Media Index

Nifty Midcap Index

Nifty Metal Index

Nifty Pharma Index

Nifty Reality Index

Nifty Smallcap Index

Sensex

SGX Nifty


Good Morning & Welcome to Friday’s trading action at Dalal Street, dated 22nd June 2018.

Early action at SGX Nifty is indicating a tumultuous start to the last trading of the week, and

the key negative catalyst continues to be the ratcheting up of trade tensions by U.S.

President Donald Trump.

Optimism is clearly seen flipping down as investors are seen worried over the tensions and

recent tariffs that could develop into a headwind for the global economy.

Our call of the day suggests that a ‘perfect storm’ is brewing at our stock

markets.

If yesterday’s trading action at Dalal Street is any indication then the era of calm markets

and big price swings on the upside seem to be over. We suspect, going forward, the new

normal on Dalal Street would be all about wild fluctuations, and most probably the

direction will be on the downhill.

Dampening sentiments are also the unabated selling from the foreign funds (FIIs) camp.

The market breadth, indicating the overall health of the market, continuous to remain

weak.

Long story short: Expect brutal sessions in near term as downside risk for Nifty now seen

at 10551-10601 zone.

What Technical Tells Us on Nifty: In Thursday’s trade, the benchmark Nifty traded

with negative bias as Nifty fell 31 points to settle at 10,741. The BSE Mid-Cap index fell

0.53%. The BSE Small-Cap index fell 0.79%. Both these indices underperformed the

Sensex.

Technically speaking, the landscape has deteriorated after yesterday’s severe

selling. The make or break intraday support levels on Nifty are at 10,701 mark. Below

10701, the downside risk on Nifty is at 10597 mark.

In today’s session, Nifty may most likely trade lackluster with investors likely to struggle for

traction o the upside. Aggressive buying advised only above Nifty 10845 mark.

The technical landscape will worsen further if Nifty slips below the 10327 mark as that

would open the door to massive technical selling, possibly quickly to the 10000-10050

zone.

The price action for Nifty is suggesting that we are likely to see a 10,550-10900

range in near term with negative bias. Hence, establishing short positions on any

intraday corrective strength with strict stop above 10911 should be the preferred trading

strategy for the day.

Outlook for Friday: Negative session likely.

Pessimism likely to be the order of the day as worldwide investors are not entirely

convinced that trade wars have disappeared below the horizon. Overnight, Wall Street

ended lower; as Dow Jones index extended losing streak to 8 days amidst gloomy lingering

trade issue.

Judging by early trends at SGX Nifty, it appears there will be a panic at our stock markets.

Investors’ would prefer to stay sidelines, have a wait and watch approach ahead of

renewed trade worries. Now, before we get into detail; let’s look at major instruments at

the time of writing.

DOW (-165, 24505) NASDAQ (-51, 7731) SGX NIFTY (-33, 10700) NIKKEI (-21, 22533)

OIL (+0.33, $66.04) GOLD (-5, $1270)

10741 -0.29%

26497 -0.23%

11033 -0.94%

28331 -0.66%

3138 -1.00%

13772 0.28%

3145 -0.04%

4943 -0.68%

3422 -1.08%

9199 -1.00%

282 -0.79%

7415 -1.07%

35432 -0.32%

10705 -0.27%

Sell on strength.

Negative (10651-10805)

Neutral (10301-11001)

Neutral (11301)

10597 & 10325

10791 & 10911

10301



Technical Strategy


Commodity Cues:

• In commodities, Crude -oil prices were sharply lower on Thursday, after media

reports said Iran might accept a modest increase in production at this week’s OPEC

summit.

All anxious eyes now turn to OPEC’s meeting on June 22 in Vienna. Delegates from

OPEC and a group of non-OPEC countries led by Russia are gathering in Vienna to

discuss the future of their output target, which has been in place since January

2017.

• Gold prices continued to trade at the lowest level of 2018, on backdrop of strength

in benchmark U.S. dollar index, which touched an 11-month peak, weighing on

assets pegged to the monetary unit.

Currencies & Bonds:

• In the fixed income, the yield on 10-year Treasuries was steady at 2.89 percent.

• Euro was consolidating after the European Central Bank announced that it would

look to finish its bond-buying program by year-end but also pledged to leave

interest rates unchanged until mid-2019.

• In yesterday’s trade, the US Dollar index traded subdued unable to gain any

traction amidst oinging trade war, but continued to trade near the best level since

last 11-months, near 95 mark.

• In yesterday’s trade, the USD/INR was seen consolidating. Bias continues to be

positive. Aggressive targets at 70.05.

Macro Watch:

• Yesterday, the Bank of England kept rates on hold, but the vote split showed a

surprisingly hawkish tilt. Three out of the nine policy makers voted in favor of higher

rates, up from two at the May meeting.

• The Reserve Bank of India monetary policy committee struck a balanced note on its

rate stance going forward and cited rising inflation pressure due to high oil prices as

the key reason for raising interest rates in the June meeting, according to minutes of

the meeting released by the RBI on Wednesday.

However, the six members who had unanimously voted for a rate hike at the June 6

meeting preferred to wait for more clarity on the inflationary impact of a

government proposal to increase the minimum purchase price of foodgrains, along

with the direction of oil prices. That prompted them to hold their stance at "neutral"

instead of moving to "tight".

IPO Watch:

• State-owned Rail India Technical and Economic Services (RITES) has launched its

Rs 466-crore IPO, which was the first divestment exercise of the current fiscal by the

government.

With RITES’s offer, the government intends to divest 12.6% of the stake in the

company. RITES IPO Subscribed Two Times On Day 2.

• Fine Organic Industries IPO was subscribed over 20 percent on the second day of

subscription.

Stocks To Watch:

• Our chart of the day suggests establishing short positions on any sharp corrective

strength in stocks like L&T FINANCIAL, EICHER MOTORS and LIC

HOUSING FINANCE.

BANK NIFTY

Action

Target

Support

Resistance

Holding Period

26497

SELL

25001

26001/24901

26805/27201

21 Days.

In yesterday’s trade, Bank Nifty was seen trading

with negative bias, down 0.23%.

Technically, Bank Nifty is signaling a major

breakdown on the daily charts from a higher

consolidation zone.

The index is in bearish position where it wants to

descent from overbought technical conditions.

The recent sequence of lower high/low is intact

on intraday charts.

The momentum oscillators are likely to shift on

sell side only on any move below 26001 zone and

such down move needs to be backed by increases

in volumes.

Key support to watch in near term is at 26001

zone. Medium term supports seen at 24901 zone.

Establish short positions at CMP, targeting 26001

zone and then at 24901-25101 zone with strict

stop at 26751.



‘30,000 feet

view’: The big

picture of

Dalal Street


• Bullish stocks: BAJAJ FINANCE, JSW STEEL, RELIANCE INDUSTRIES, MARICO.

• Bearish stocks: LIC HOUSING FINANCE, NALCO, BANK OF BARODA, BANK OF

INDIA, BHEL, CANFINA HOMES, DALMIA CEMENTS, JAIN IRRIGATION,

KARNATAKA BANK, L&T FINANCIAL, LARSEN, MANAPURAM, MGL, MINDTREE,

NALCO, OBC, PNB, SHREE CEMENT, TATA COMMUNICATION, UJJIVAN, UPL.

• Show Me the Money: Sell L&T FINANCIAL (CMP 160.75): A probable 'descending

triangle' on the daily charts. Key support seen at 160 mark. Key hurdles seen at

167.50. Interweek Strategy: Sell at CMP, targeting 159 and then at 145-151 zone.

Stop above 165.65.

• Shares of oil-to-telecom conglomerate Reliance Industries hit a record closing high

on Thursday.

• Tata Motors plans to drive in 50 commercial vehicles this fiscal

• HCC seeks shareholders nod for fund raising for up to Rs10bn securities issue.

• Government aims to raise about Rs. 60bn via tranche of Bharat 22 ETF, Bharat 22

ETF tranche to open June 19-22.

• Stocks banned in F&O segment for today: CGPOWER, DHFL, INFIBEAM,

JPASSOCIATES.

Bulls Vs. Bears: Time to Pick a Side!!

Brace yourself as sentiments have definitely got rattled and expect our benchmark Nifty to

behave erratically — up and down hundreds of points in a single day.

For the day, on backdrop of weak technical structure, selling on any sharp corrective

strength should be the preferred trading strategy.

Preferred trade on Nifty: Nifty (10741): Sell at CMP, targeting 10575-10601 and then at

10451-10501 zone with stop at 10911.

Preferred trade on Bank Nifty: Bank Nifty (26496): Sell at CMP, targeting 26001 zone

and then at 24901-25101 zone with strict stop at 26751.

Daily Chart of Nifty:



Comfort stock of the day


When we want to see what's happening far off, we will reach for the binoculars. The binocular helps us to steer out of danger and also accurately spots our targets.

When it comes to trading / investing, that's exactly how Stock Of The Day: (F & O) introduces to the momentum stocks from the list of Future & Option segment, defining their support and resistance levels, and attempts to forecast their movement with a short /medium term perspective.


R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS


Invest Smart. Build Wealth. www.comfortsecurities.co.in


The stock is signaling a major breakdown from a higher consolidation on daily charts. Intraday Strategy: Establish short positions at CMP, targeting 29101 and then aggressive targets located at 28445-28551 zone. Stop above 30101.

The interweek risk is on the downside with immediate targets at 3545. Momentum oscillators signaling major weakness. Interweek Strategy: Sell at CMP, targeting 3609 and then at 3545-3551 zone with stop above 3681.

A probable 'descending triangle' on the daily charts. Key support seen at 160 mark. Key hurdles seen at 167.50. Interweek Strategy: Sell at CMP, targeting 159 and then at 145-151 zone. Stop above 165.65.

Manappuram ended on a weak note in Thursday's trading session, down 1.41%. Key intraday support seen at 96. Interweek Strategy: Sell at CMP, targeting 96 and then at 91-92.50 zone. Stop above 104.05.

The stock has signaled a major breakdown from a lower consolidation on daily charts. Interweek Strategy: Establish short positions between 87-89 zone, targeting 82 and then aggressive targets located at 77.50-79 zone. Stop above 91.

After Thursday's brutal session, if you are staying bullish, then more power to you. L&T Financial appears weak.

EICHER MOTORS

HEROMOTO CORP

L&T FINANCIAL

MANAPPURAM

UNION BANK OF INDIA

29425 29101 28445 29751 30101 Negative

3635 3609 3545 3675 3721 Negative

160.95 159 145 165.05 170.05 Negative

101.3 96 91 104.05 107.05 Negative

86.2 82 77.5 90 92.5 Negative



EQUITY DERIVATIVESLooking into the future from present.

Changes in Open Interest (OI) in yesterday’s trade.

Nifty Spot

Bank Nifty Future

VIX

Premium

Nifty Future OI

Bank Nifty Spot OI

BSE Cash Vol. (Rs. in Cr)

NSE Cash Vol.(Rs. in Cr)

NSE Derivative Vol. (Rs. in Cr)

Index Future Volumes

Stock Future Volumes

Index Option Volumes

Stock Option Volumes

Total

Cash Volumes (INR in Cr.)

YesterdayDay Before Yesterday

Derivatives Vol.(INR in Cr.)

No of contracts

Turnover (Rs. In cr.)

Major Changes in Nifty Options (OI)


Market Summary:

The benchmark Nifty after showing signs of recovery in morning trade, ended sharply

lower. The optimism was rattled by an escalation in the trade fight between the U.S. and

China, the world’s two largest economies. Chinese stocks too plunged, and most importantly moved closer to bear-market territory.

Hong Kong also ended on a negative note which left the Hang Seng near 2018’s closing

low. Amongst Broad Indices, the BSE Midcap Index fell sharply, down 0.53%. The BSE Small

Cap Index too was down by 0.69%. Both the indices underperformed the Sensex.

Amongst the sectoral indices, outperforming the Sensex/Nifty were BSE Oil & Gas Index

(up 0.60%), BSE IT Index (down 0.12%).

Amongst the sectoral indices, underperforming the Sensex/Nifty were BSE HealthCare

(down 1.11%), BSE Capital Goods Index (down 1.09%), BSE Metal (down 0.98%).

Amongst stock specific action, positive bias was seen in stocks like IOC (up 2.93%), BPCL

(up 2.74%), HIND PETRO (up 2.37%).

Among stocks drifting down were: M&M (down 2.30%), TITAN (down 2.25%), DR

REDDY (down 2.17%).

Nifty’s key hurdle now seen at psychological 11000 mark. Maximum OI at 11000 strike

price; followed by 10,800 call option. Unwinding of positions was the theme for call

options of 10800 & 10900 strike prices. Call unwinding was seen at the strike price of

11,100.

Nifty’ must watch support levels would be 10,700 mark as maximum Put OI contracts

were seen at strike price 10,700 followed by 10,600 strike price. Put writing was seen at

the 10,700 strike price. Put unwinding was seen at the strike price of 10,800.

As per Thursday’s provisional data available on the NSE, Foreign institutional investors

(FIIs) bought after 11 days of selling worth Rs.1126.75 crore. Domestic institutional

investors bought shares worth Rs 663.57 crore in the Indian equity market.

Highest OI Nifty: Calls 11000: 52.99 L - Puts 10700: 48.43 L

Highest OI Bank Nifty: Calls 27000: 17.08 L - Puts 26000: 9.81 L

Change in Stock Open Interest (OI) in previous day’s trade.

Long Buildup: RELIANCE, SUN TV, HPCL, CG POWER, BPCL.

Short Buildup: TATA STEEL, VEDL, PNB, BANK OF INDIA, IBHSGFIN.

Short Covering: LIC HOUSING, ENGINEERS INDIA, IGL, DABUR

Long Unwinding: JSW STEEL, SUN PHARMA, GAIL.

Stocks banned in F&O segment for today: CGPOWER, DHFL, INFIBEAM,

JPASSOCIATES.

New In Ban: CG POWER.Out of Ban: JET AIRWAYS.

Future Call: Sell TATA STEEL JUNE Futures at CMP 557.95. Targets:

548 and then at 539. Stop: 569.75. Analyst’s Remark: Breaking

Down.

Option Call: Sell BANK NIFTY 28TH JUNE CE strike price 26600 at

CMP 123.15. Maximum Profit: Rs. 4926. Loss: Unlimited. Stop: Exit

Call Option if Bank Nifty closes above 26600. (Bank Nifty June

Futures CMP 26469.95).

10741.10 (-0.29%)

26496.95 (-0.23%)

12.4475 (+2.26%)

-7 vs +16

2.46 crores (+0.32%)

26.32 lakhs (-8.14%)

4315.3 2343.97

24978.06 25095.71

1757000.41 887651

204689 18883.45

742738 49647.68

15961731 1644763.58

597506 43705.7

17056664 1757000.41

Calls in lakhs (%Change)

10800 44.87 (-42%)

10900 35.92 (-2%)

11000 52.45 (+7%)

Puts in lakhs (% Change)

10700 49.43 (-10%)

10800 24.72 (-13%)

10600 43.45 (-7%)

www.comfortsecurities.co.in

DAILY PIVOT TABLE



Instrument Close S1 S2 R1 R2 200 Day SMA Reversal Point Trend

All level indicated above are based on cash market prices.

Pivot Point

PP : Pivot Point : This is trigger point for weekly buy/sell based on the price range of the previous week.R1 : Resistance one : 1st Resistance over PP. R2 : Resistance two : 2nd Resistance over R1.S1 : Support one : 1st support after PP. S2 : Support Two : 2nd support after S1.

As per the tool, the trader should take BUY position just above PP and keep the stop loss of PP and the first target would be R1.If R1 is crossed then R2 becomes the next target with the stop loss at R1.

Similarly if price goes below PP the trader should SELL and keep the PP as Stop loss and the first target would be S1.

If S1 is crossed then S2 becomes the next target with the stop loss at S1.This is a trading tool. The key to use of this tool is the use of STOP LOSS.


NIFTY 10741.1 10708.13 10675.17 10791.83 10842.57 10758.87 10416.31 UP

BANKNIFTY 26496.95 26406.95 26316.95 26634.95 26772.95 26544.95 25363.71 UP

NIFTYMID50 4943.4 4921.2 4899 4979.7 5016 4957.5 5139.83 DOWN

ACC 1270.05 1260.63 1251.22 1279.73 1289.42 1270.32 1633.82 DOWN

ADANIENT 129.85 128 126.15 132.2 134.55 130.35 152.22 DOWN

ADANIPORTS 366.9 363.63 360.37 372.48 378.07 369.22 398.22 DOWN

AJANTPHARM 1042.7 1028.1 1013.5 1063.65 1084.6 1049.05 1285.65 DOWN

ALBK 43.55 42.87 42.18 44.67 45.78 43.98 61.22 DOWN

AMARAJABAT 760.1 750.2 740.3 772.4 784.7 762.5 790.84 DOWN

ANDHRABANK 33.85 33.53 33.22 34.23 34.62 33.92 50.36 DOWN

APOLLOTYRE 274.25 270.3 266.35 276.85 279.45 272.9 263.35 UP

ARVIND 410.3 405.9 401.5 415.35 420.4 410.95 412.54 DOWN

ASHOKLEY 135.1 133.65 132.2 137.55 140 136.1 132.63 UP

ASIANPAINT 1253 1239.37 1225.73 1273.27 1293.53 1259.63 1180.44 UP

AUROPHARMA 608.55 602.53 596.52 618.13 627.72 612.12 654.32 DOWN

AXISBANK 513.05 508.77 504.48 519.67 526.28 515.38 533.22 DOWN

BAJAJ-AUTO 2830.1 2809.22 2788.33 2864.47 2898.83 2843.58 3054.11 DOWN

BAJAJFINSV 5991.55 5950.1 5908.65 6033.5 6075.45 5992.05 5291.33 UP

BAJFINANCE 2257.45 2242.37 2227.28 2280.27 2303.08 2265.18 1833.3 UP

BALKRISIND 1107.95 1094.3 1080.65 1127.3 1146.65 1113.65 1074.38 UP

BALRAMCHIN 67.35 65.78 64.22 70.13 72.92 68.57 120.29 DOWN

BANKBARODA 122 120.37 118.73 124.77 127.53 123.13 150.72 DOWN

BANKINDIA 93.6 92.72 91.83 95.07 96.53 94.18 139.81 DOWN

BATAINDIA 834.35 828.08 821.82 844.23 854.12 837.97 747.61 UP

BEL 109.35 107.47 105.58 111.82 114.28 109.93 157.74 DOWN

BEML 857.5 847.25 837 873.85 890.2 863.6 1381.9 DOWN

BERGEPAINT 283.75 279.95 276.15 287.25 290.75 283.45 261.85 UP

BHARATFIN 1174.5 1165.83 1157.17 1187.08 1199.67 1178.42 1044.14 UP

BHARATFORG 607.45 597.12 586.78 625.72 643.98 615.38 697.58 DOWN

BHARTIARTL 368.7 363.33 357.97 374.53 380.37 369.17 437.49 DOWN

BHEL 75.45 74.75 74.05 76.4 77.35 75.7 88.6 DOWN

BIOCON 620.35 613.67 606.98 626.87 633.38 620.18 527.17 UP

BPCL 421.95 410.67 399.38 429.82 437.68 418.53 464.08 DOWN

BRITANNIA 5962.7 5931.82 5900.93 6011.77 6060.83 5980.88 4924.98 UP

CANBK 255.1 251.87 248.63 260.97 266.83 257.73 316.31 DOWN

CANFINHOME 346.7 342.37 338.03 351.17 355.63 346.83 470.17 DOWN

CAPF 564.85 561 557.15 569.3 573.75 565.45 682.44 DOWN

CASTROLIND 170.1 168.47 166.83 171.27 172.43 169.63 191.97 DOWN

CEATLTD 1313.2 1295.1 1277 1340.55 1367.9 1322.45 1653.18 DOWN

CENTURYTEX 898.15 891.6 885.05 908.35 918.55 901.8 1236.03 DOWN

CESC 954.85 947.93 941.02 962.98 971.12 956.07 1022.68 DOWN

CGPOWER 54.95 54.07 53.18 55.92 56.88 55.03 81.55 DOWN

CHENNPETRO 305.5 299.13 292.77 309.93 314.37 303.57 381.71 DOWN

CHOLAFIN 1608.85 1591.27 1573.68 1638.17 1667.48 1620.58 1365.46 UP

CIPLA 603.5 600.43 597.37 608.13 612.77 605.07 586.66 UP

COALINDIA 267.7 265.03 262.37 271.63 275.57 268.97 281 DOWN

COLPAL 1177.75 1169.37 1160.98 1191.32 1204.88 1182.93 1103.03 UP

CONCOR 1256.3 1243.9 1231.5 1274.6 1292.9 1262.2 1334.24 DOWN

CUMMINSIND 679.15 673.62 668.08 685.07 690.98 679.53 828.68 DOWN

DALMIABHA 2352.95 2322.03 2291.12 2406.88 2460.82 2375.97 2871.25 DOWN

DCBBANK 174.45 173 171.55 175.95 177.45 174.5 181.93 DOWN

DHFL 632.15 623.6 615.05 641.55 650.95 633 582.63 UP

DISHTV 71.7 71.27 70.83 72.12 72.53 71.68 75.3 DOWN

DIVISLAB 1056.25 1041.5 1026.75 1080.5 1104.75 1065.75 1034.43 UP

DLF 198.85 196.77 194.68 201.42 203.98 199.33 214.62 DOWN

DRREDDY 2316.4 2285.6 2254.8 2368.1 2419.8 2337.3 2236.26 UP

EICHERMOT 29424.9 29167.67 28910.43 29870.22 30315.54 29612.98 29774.49 DOWN

EQUITAS 143.75 142.1 140.45 146.5 149.25 144.85 150.85 DOWN

ESCORTS 889.1 880.8 872.5 901.15 913.2 892.85 805.09 UP

EXIDEIND 252 249.48 246.97 254.78 257.57 252.27 222.74 UP

FEDERALBNK 82.3 81.4 80.5 83.7 85.1 82.8 102.49 DOWN

FORTIS 134.8 133.2 131.6 136.3 137.8 134.7 146.21 DOWN

GAIL 339.3 335.27 331.23 344.37 349.43 340.33 339.4 DOWN

GLENMARK 602.05 589.08 576.12 611.13 620.22 598.17 572.3 UP

GMRINFRA 15.95 15.7 15.45 16.15 16.35 15.9 18.45 DOWN

GODREJCP 1166.7 1154.68 1142.67 1177.93 1189.17 1165.92 1030.51 UP

GODREJIND 606.9 600.77 594.63 611.27 615.63 605.13 584.34 UP

GRANULES 85.85 84.43 83.02 87.98 90.12 86.57 117.31 DOWN

GRASIM 1011.95 1006.3 1000.65 1018.3 1024.65 1012.65 1134.74 DOWN

GSFC 110.95 109.1 107.25 113.8 116.65 111.95 134.58 DOWN

HAVELLS 532.85 528.5 524.15 540 547.15 535.65 525.57 UP

HCC 12.95 12.62 12.28 13.52 14.08 13.18 31.05 DOWN

HCLTECH 902.55 895.43 888.32 913.33 924.12 906.22 918.38 DOWN

HDFC 1858.9 1843.37 1827.83 1875.52 1892.13 1859.98 1791.36 UP

HDFCBANK 2057.6 2046.17 2034.73 2069.92 2082.23 2058.48 1893.6 UP

HDIL 21.65 21.33 21.02 22.13 22.62 21.82 49.02 DOWN

HEROMOTOCO 3635.2 3614.17 3593.13 3666.07 3696.93 3645.03 3669.42 DOWN

HEXAWARE 436 431.8 427.6 440.15 444.3 435.95 355.71 UP

HINDALCO 222.3 219.77 217.23 226.57 230.83 224.03 245.98 DOWN

HINDPETRO 315.2 305 294.8 321.9 328.6 311.7 387.31 DOWN

HINDUNILVR 1593.45 1584.13 1574.82 1606.63 1619.82 1597.32 1359.07 UP

HINDZINC 290.4 287.7 285 294.4 298.4 291.7 307.47 DOWN

IBREALEST 163.25 160.77 158.28 167.22 171.18 164.73 210.41 DOWN

IBULHSGFIN 1173.25 1159.18 1145.12 1194.78 1216.32 1180.72 1245.28 DOWN

ICICIBANK 297.95 294.88 291.82 300.68 303.42 297.62 301.4 DOWN

ICICIPRULI 389 386.8 384.6 390.8 392.6 388.6 402.8 DOWN

ICIL 69.6 68.63 67.67 71.18 72.77 70.22 103.08 DOWN

IDBI 57.75 56.75 55.75 59.35 60.95 58.35 63.11 DOWN

IDEA 60.8 60.1 59.4 61.7 62.6 61 82.42 DOWN

IDFC 48.95 48.38 47.82 49.48 50.02 48.92 56.7 DOWN

IDFCBANK 42.5 42.15 41.8 42.8 43.1 42.45 52.3 DOWN

IFCI 16.1 15.97 15.83 16.27 16.43 16.13 22.92 DOWN

IGL 255.05 252.83 250.62 257.58 260.12 255.37 297.25 DOWN

INDIACEM 107.55 106.33 105.12 109.13 110.72 107.92 161.75 DOWN

INDIANB 343.35 338.53 333.72 350.08 356.82 345.27 332.77 UP

INDIGO 1175.95 1149.07 1122.18 1203.77 1231.58 1176.88 1224.98 DOWN

INDUSINDBK 1960.5 1945.78 1931.07 1975.48 1990.47 1960.77 1744.85 UP

INFIBEAM 154.95 151.52 148.08 157.67 160.38 154.23 155.4 DOWN

INFRATEL 279.6 273.8 268 286.15 292.7 280.35 358.06 DOWN

INFY 1246.55 1236.2 1225.85 1256.7 1266.85 1246.35 1074.37 UP

IOC 170.25 165.13 160.02 173.88 177.52 168.77 189.3 DOWN

IRB 224.2 221.65 219.1 227.85 231.5 225.3 231.28 DOWN

ITC 260.85 259.23 257.62 263.63 266.42 262.02 267.42 DOWN

JETAIRWAYS 374.5 365.8 357.1 385.6 396.7 376.9 619.3 DOWN

JINDALSTEL 225.15 222.52 219.88 229.62 234.08 226.98 211.12 UP

JISLJALEQS 94.2 93.02 91.83 95.97 97.73 94.78 111.42 DOWN

JPASSOCIAT 16.85 16.48 16.12 17.28 17.72 16.92 18.78 DOWN

JSWENERGY 71.9 71.1 70.3 72.85 73.8 72.05 80.05 DOWN

JSWSTEEL 332.85 330.45 328.05 336.35 339.85 333.95 287.4 UP

JUBLFOOD 1356.65 1343.15 1329.65 1377.7 1398.75 1364.2 1001.6 UP

JUSTDIAL 564.35 553.53 542.72 582.08 599.82 571.27 475.07 UP

KOTAKBANK 1313.95 1306.03 1298.12 1326.93 1339.92 1319.02 1094.54 UP

KPIT 276.65 274.45 272.25 279.4 282.15 277.2 196.96 UP

KSCL 579.7 574.85 570 586.05 592.4 581.2 525.02 UP

KTKBANK 115.6 114.72 113.83 116.47 117.33 115.58 139.2 DOWN

L&TFH 160.95 159.4 157.85 163.6 166.25 162.05 176.96 DOWN

LICHSGFIN 502.35 494.93 487.52 509.78 517.22 502.37 560.29 DOWN

LT 1289.8 1278.53 1267.27 1308.53 1327.27 1297.27 1282.09 UP

LUPIN 899.65 891.23 882.82 907.83 916.02 899.42 866.15 UP

M&M 883.6 868.53 853.47 904.23 924.87 889.17 751.72 UP

M&MFIN 491 485.83 480.67 495.53 500.07 490.37 456.98 UP

MANAPPURAM 101.3 100.2 99.1 102.9 104.5 101.8 108.94 DOWN

MARICO 335.25 330.3 325.35 338.6 341.95 333.65 316.27 UP

MARUTI 8863.05 8815.33 8767.62 8948.38 9033.72 8900.67 8722.04 UP

MCDOWELL-N 653.75 644.6 635.45 666.4 679.05 657.25 635.42 UP

MCX 762.2 749.47 736.73 783.47 804.73 770.73 883.89 DOWN

MGL 832.6 824.78 816.97 839.63 846.67 831.82 1026.75 DOWN

MOTHERSUMI 306.65 303.77 300.88 311.27 315.88 308.38 344.48 DOWN

MRF 74771.65 74391.8 74011.95 75325.75 75879.85 74945.9 70451.1 UP

MRPL 88.15 86.32 84.48 89.37 90.58 87.53 118.71 DOWN

MUTHOOTFIN 379.8 373.85 367.9 387.35 394.9 381.4 438.65 DOWN

NATIONALUM 65.6 64.42 63.23 67.27 68.93 66.08 77.25 DOWN

NBCC 82.8 82.17 81.53 83.72 84.63 83.08 110.47 DOWN

NCC 99.8 98.3 96.8 102.3 104.8 100.8 114.56 DOWN

NMDC 107.3 106.22 105.13 109.17 111.03 108.08 127.32 DOWN

OFSS 4047.85 4013.57 3979.28 4073.57 4099.28 4039.28 3872.6 UP

OIL 209.6 207.43 205.27 213.13 216.67 210.97 231.92 DOWN

ONGC 159.7 157.4 155.1 162.85 166 160.55 181.4 DOWN

ORIENTBANK 77.7 76.73 75.77 79.13 80.57 78.17 109.48 DOWN

PCJEWELLER 143.4 140.37 137.33 148.07 152.73 145.03 341.09 DOWN

PEL 2536.4 2509.28 2482.17 2574.23 2612.07 2547.12 2636.83 DOWN

PETRONET 209.85 207.9 205.95 212.9 215.95 210.95 239.25 DOWN

PFC 81.35 80.25 79.15 82.95 84.55 81.85 108.45 DOWN

PIDILITIND 1038.3 1022.43 1006.57 1065.63 1092.97 1049.77 919.54 UP

PNB 83.4 82.22 81.03 85.57 87.73 84.38 134.71 DOWN

POWERGRID 195.45 193.28 191.12 198.13 200.82 195.97 203.28 DOWN

PTC 81.1 79.43 77.77 83.48 85.87 81.82 105.51 DOWN

PVR 1361.7 1345.37 1329.03 1381.77 1401.83 1365.43 1355.28 UP

RAMCOCEM 689.05 682.37 675.68 698.37 707.68 691.68 749.82 DOWN

RAYMOND 953.7 945.63 937.57 967.13 980.57 959.07 973.85 DOWN

RBLBANK 538.95 532.58 526.22 549.83 560.72 543.47 510.28 UP

RCOM 14.9 14.68 14.47 15.28 15.67 15.07 20.2 DOWN

RECLTD 110.5 109.5 108.5 112.05 113.6 111.05 143.96 DOWN

RELCAPITAL 417.65 411.4 405.15 427.7 437.75 421.45 494.05 DOWN

RELIANCE 1031.95 1023.5 1015.05 1038.2 1044.45 1029.75 917.86 UP

RELINFRA 424.05 417.4 410.75 435.9 447.75 429.25 463.82 DOWN

REPCOHOME 552.35 546.92 541.48 558.57 564.78 553.13 613.58 DOWN

RPOWER 34.8 34.25 33.7 35.6 36.4 35.05 40.7 DOWN

SAIL 82.45 81.38 80.32 84.38 86.32 83.32 77.37 UP

SBIN 268.65 266.25 263.85 272.9 277.15 270.5 280.06 DOWN

SHREECEM 15306.3 15139.55 14972.8 15546.5 15786.7 15379.75 17441.25 DOWN

SIEMENS 991.3 979.2 967.1 1005.2 1019.1 993.1 1178.5 DOWN

SOUTHBANK 23.4 23.18 22.97 23.68 23.97 23.47 28.31 DOWN

SREINFRA 73.35 71.87 70.38 75.72 78.08 74.23 93.17 DOWN

SRF 1782.95 1754.12 1725.28 1817.52 1852.08 1788.68 1867.98 DOWN

SRTRANSFIN 1483.4 1468.37 1453.33 1500.22 1517.03 1485.18 1353.71 UP

STAR 392.95 382.28 371.62 409.38 425.82 398.72 720.75 DOWN

SUNPHARMA 554.5 548.92 543.33 563.77 573.03 558.18 528.37 UP

SUNTV 840.2 822.63 805.07 860.58 880.97 843.02 899.28 DOWN

SUZLON 7.65 7.57 7.48 7.77 7.88 7.68 13.16 DOWN

SYNDIBANK 45.65 44.87 44.08 47.12 48.58 46.33 66.9 DOWN

TATACHEM 729.05 723.45 717.85 737.3 745.55 731.7 712.06 UP

TATACOMM 603.7 599.65 595.6 609.65 615.6 605.6 654.15 DOWN

TATAELXSI 1323.05 1314.3 1305.55 1332.1 1341.15 1323.35 1010.77 UP

TATAGLOBAL 258.2 255.02 251.83 261.87 265.53 258.68 263.48 DOWN

TATAMOTORS 307 305.5 304 308.5 310 307 378.31 DOWN

TATAMTRDVR 180.45 179.35 178.25 182 183.55 180.9 215.18 DOWN

TATAPOWER 74.55 73.9 73.25 75.2 75.85 74.55 85.14 DOWN

TATASTEEL 557.75 552.92 548.08 565.77 573.78 560.93 658.95 DOWN

TCS 1819.35 1813.97 1808.58 1828.37 1837.38 1822.98 1462.23 UP

TECHM 685.3 677.42 669.53 697.97 710.63 690.08 567.44 UP

TITAN 868.4 858 847.6 886.8 905.2 876.4 819.44 UP

TV18BRDCST 56.05 55.38 54.72 57.08 58.12 56.42 54.86 UP

TVSMOTOR 583.2 575.6 568 590.7 598.2 583.1 669.79 DOWN

UBL 1276.1 1263.57 1251.03 1286.57 1297.03 1274.03 1047 UP

UJJIVAN 374.15 368.75 363.35 382.75 391.35 377.35 373.91 UP

ULTRACEMCO 3616.9 3586.93 3556.97 3659.93 3702.97 3629.97 4106.57 DOWN

UNIONBANK 86 84.53 83.07 88.53 91.07 87.07 123.82 DOWN

UPL 646 639.95 633.9 653.2 660.4 647.15 746.84 DOWN

VGUARD 207.5 205.6 203.7 210.55 213.6 208.65 222.6 DOWN

VOLTAS 517.1 510.72 504.33 525.72 534.33 519.33 590.22 DOWN

WIPRO 258.65 256.73 254.82 260.93 263.22 259.02 289.86 DOWN

WOCKPHARMA 680.4 668.73 657.07 701.03 721.67 689.37 739.77 DOWN

YESBANK 332.95 330.23 327.52 336.63 340.32 333.92 331 UP

ZEEL 563.45 554.97 546.48 573.47 583.48 564.98 562.64 UP



Comfort ‘Forecast and Analysis’

Forecast and Analysis is a daily newsletter that provides technical update on all the major instruments of the world like Gold, Silver, Crude Oil, US Dollar Index and USD/INR. We define their support and resistance levels and attempt to forecast their movement with a short / medium term perspective. Also in the report, a trader will find bias for the mentioned instruments.

This newsletter is also quite popular with a market participant who loves to have insight & theme on MCX Gold, MCX Silver as well MCX Crude-Oil.

Forecast and Analysis

Instrument TRADING STRATEGYLTP S1 S2 R1 R2 Bias


MCX GOLD

MCX SILVER

MCX CRUDE OIL

MCX COPPER

MCX NATURAL GAS

USD-INR

Forecast and Analysis …Direction at a glance



In yesterday's trade, MCX Gold was seen trading with negative bias. Bias continues to be neutral. Confirmation of strength above 31251. Interweek Strategy: Establish long positions at CMP, targeting 31001 zone and then at 31201-31251 zone with stop at 29991.

Silver prices too were trading with negative bias in yesterday's trade. Bias continues to be neutral. Establish short positions between 40251-40501 zone, targeting 39481 and then at 38641-38701 zone with stop at 40701.

The biggest support level to watch is at 4211. Interweek strategy: Buy only on dips between 4305-4345 zone, targeting 4501 zone and then at 4811-4825 zone with stop at 4179.

Copper prices were seen trading with negative bias amidst profit booking. Support now seen at 451. Interweek strategy: Establish buy positions above 469 zone, targeting 477 and then at 483-485 zone with stop at 441.

Natural Gas prices were seen trading firm in yesterday's trade. Key supports now at 185. Interweek strategy: Establish long positions at CMP, targeting 207 and then aggressive targets at 217-223 zone with stop at 185.

USD/INR was seen consolidating in yesterday's trade. Key interweek support seen at 67.45. Hurdles now seen at 70.05. Interweek Strategy: Buy at CMP, targeting 68.45 and then aggressive targets at 70-70.05 zone with stop below 67.05.

30538 30251 30001 31251 31750 Neutral

39438 39001 38641 40451 41751 Neutral

4444 4305 4211 4561 4971 Neutral

453 451 445 469 477 Neutral

203.60 197.50 185.00 207.00 225.00 Positive

67.98 67.71 67.45 68.45 70.05 Positive

USD/INR: Buy on any corrective declines. Aggressive targets seen at 70.05.

Instrument TRADING STRATEGYLTP S1 S2 R1 R2


GOLD $

SILVER ($)

WTI CRUDE OIL ($ )

EUR/USD

Forecast and Analysis …Sailing global trend

Bias

DOW JONES

US Dollar Index



At Wall Street broadly lower as trade gloom lingers. Negative bias to continue.

In yesterday's trade, gold prices were seen trading with negative bias. Confirmation of strength only above 1297. Interweek strategy: Establish long positions between 1272.50-1273 zone, targeting 1297 zone and then at 1307-1313 zone with stop at 1261.

Silver prices were seen trading with negative bias, tracking subdued gold prices. Confirmation of strength only above 17.45. Interweek strategy: Establish long positions between 15.90-16.01 zone, targeting 17.05 and then at 17.95-18.01 zone with stop at 15.05.

Crude-Oil prices were seen inching up amidst oversold conditions. Major hurdles now seen at 67.15. Interweek strategy: Buy at CMP, targeting 67.15 zone and then at 68.50-69.05 zone with stop at 62.45.

The EUR/USD was seen trading range bound in yesterday's trade. Technically, the bias continues to be neutral with key support to watch on EUR/USD at 1.1505. Hurdles seen at 1.1901.

The U.S. dollar was trading with positive bias in yesterday's trade. Technically, bias shifts to neutral/positive. Hurdles at 95. Downside well supported at 92.50. Major weakness now below 92.50. Upside targets now at 99.

The Dow Jones Industrial Average was seen trading with negative bias in Thursday's trade as trade-war fears continued to dog global markets. Technically, hurdles seen at 26125. Negative bias.

1268 1261 1245 1297 1313 Neutral

16.25 15.75 15.05 17.45 18.01 Neutral

65.91 63.75 62.5 67.15 69.05 Neutral

1.1584 1.1505 1.4445 1.1901 1.2205 Neutral

95.05 92.50 89.25 97.50 99.00 Positive

24482 23405 22501 25505 26125 Negative


DAILY PIVOT TABLE



CommodityExchange Close S1 S2 R1 R2200 Day

SMA Reversal

Point Trend

MCX ALUMINUM

MCX CARDAMOM

NCDEX CASTOR

NCDEX CHANA

MCX COPPER

MCX COTTON

MCX CRUDE-OIL

MCX GOLD

NCDEX GAUR GUM

NCDEX GAUR SEED

NCDEX JEERA

MCX LEAD

MCX MENTHA OIL

MCX NATURAL GAS

MCX NICKLE

NCDEX RM SEED

MCX SILVER

NCDEX SUGAR

NCDEX SOYA BEAN

MCX ZINC

148.55 147.67 146.78 149.97 151.38 141.93 155.1 DOWN

1006.5 996.73 986.97 1017.63 1028.77 1044.82 956.3 UP

4060 4059.33 4058.67 4060.33 4060.67 4262.43 4034.5 UP

3431 3417.67 3404.33 3451.67 3472.33 4275.52 3509 DOWN

453.7 454.68 451.57 460.93 464.07 450 473.45 DOWN

21930 21903.33 21706.67 22273.33 22446.67 19964.9 23115 DOWN

4459 4434.33 4382.67 4533.33 4580.67 3975.16 4565 DOWN

30586 30730.33 30679.67 30858.33 30935.67 30100.19 31156 DOWN

7614 7572 7530 7684 7754 8580.8 7710 DOWN

3622.5 3620 3617.5 3625 3627.5 3963.64 3727 DOWN

16730 16671.67 16613.33 16796.67 16863.33 17828.77 16155 UP

161.2 162.67 161.73 164.52 165.43 160.68 163.4 DOWN

1182 1141.2 1125.2 1170 1182.8 1414.31 1214.85 DOWN

203.4 199.37 197.03 203.17 204.63 187.9 192.9 UP

1014.6 1005 995.4 1021.5 1028.4 844.15 1060.3 DOWN

3955 3953.67 3952.33 3955.67 3956.33 3945.22 3984 DOWN

39489 39524 39422 39739 39852 39206.59 40180 DOWN

2709 2709 2709 2709 2709 3619.22 2651 UP

3399 3382.67 3366.33 3412.67 3426.33 3351.53 3320 UP

206.45 205.02 203.58 207.67 208.88 211.76 212.75 DOWN



DISCLAIMER: This is solely for information of clients of Comfort Securities Ltd. and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Comfort Securities Ltd. its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Comfort Securities Ltd. or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information.

Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Comfort Securities Ltd. in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Comfort Securities Ltd. has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Comfort Securities Ltd. makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment.

POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report)Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.

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You will enjoy all the comforts of financial world …...Good Morning & Welcome to Friday’s trading action at Dalal Street, dated 22nd June 2018. Early action at SGX Nifty is indicating